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Gulf oil companies agreed to lower fuel prices under a renewed government-to-government (G-to-G) agreement with Kenya.
In the revised deal, the cost of imported fuel products has been significantly reduced, offering reprieve for consumers and businesses struggling with high energy costs.
According to details released Monday, the new prices per metric tonne are as follows:
Petrol, reduced from $90 to $84
Diesel, reduced from $88 to $78
Jet fuel, reduced from $112 to $75
Energy and Petroleum Cabinet Secretary Davis Chirchir said the reductions followed months of negotiations and reflect improved diplomatic and trade ties with Gulf suppliers.
“This deal is a win for Kenya. The lowered prices will ease the burden on our economy and reduce the cost of living,” Chirchir said.
The G-to-G arrangement was initially introduced in 2023 to stabilize fuel supply chains and cushion the country from volatile global prices.
The latest revision comes amid growing public pressure to bring down the cost of fuel, which has been a major driver of inflation.
Government officials say consumers should expect gradual drops in pump prices in the coming review cycles by the Energy and Petroleum Regulatory Authority (EPRA).
